Seaport Global Securities Analysts Cut Earnings Estimates for Versum Materials Inc (VSM)
Versum Materials Inc (NYSE:VSM) – Research analysts at Seaport Global Securities decreased their Q1 2019 earnings per share estimates for Versum Materials in a report issued on Wednesday, November 7th. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.60. Seaport Global Securities also issued estimates for Versum Materials’ Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.62 EPS, FY2019 earnings at $2.44 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $0.65 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.72 EPS and FY2020 earnings at $2.70 EPS.
Versum Materials (NYSE:VSM) last released its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Versum Materials had a net margin of 14.39% and a return on equity of 225.00%. The business had revenue of $350.80 million for the quarter, compared to analyst estimates of $329.43 million. During the same period in the previous year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year.
Versum Materials stock opened at $34.12 on Friday. Versum Materials has a 52 week low of $28.96 and a 52 week high of $41.35. The company has a debt-to-equity ratio of 6.20, a quick ratio of 3.39 and a current ratio of 4.43. The stock has a market capitalization of $3.59 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 9th. This is a positive change from Versum Materials’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 0.94%. Versum Materials’s payout ratio is currently 10.21%.
In other Versum Materials news, Director Susan C. Schnabel acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average cost of $37.49 per share, for a total transaction of $93,725.00. Following the transaction, the director now directly owns 16,859 shares of the company’s stock, valued at $632,043.91. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Versum Materials by 1.2% in the 2nd quarter. BlackRock Inc. now owns 10,009,996 shares of the basic materials company’s stock valued at $371,872,000 after purchasing an additional 120,849 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in Versum Materials by 10.2% in the 2nd quarter. Iridian Asset Management LLC CT now owns 6,239,870 shares of the basic materials company’s stock valued at $231,811,000 after purchasing an additional 578,716 shares in the last quarter. Boston Partners lifted its holdings in Versum Materials by 23.0% in the 2nd quarter. Boston Partners now owns 4,584,931 shares of the basic materials company’s stock valued at $170,330,000 after purchasing an additional 858,236 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Versum Materials by 53.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,310,884 shares of the basic materials company’s stock valued at $47,206,000 after purchasing an additional 454,870 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Versum Materials by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,093,339 shares of the basic materials company’s stock valued at $40,618,000 after purchasing an additional 74,743 shares in the last quarter. Institutional investors own 92.18% of the company’s stock.
Versum Materials Company Profile
Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.
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